Rocket maker Firefly Aerospace looks to raise up to $300 million -sources


FILE PHOTO: Firefly Aerospace's first Alpha rocket lifts from Vandenberg Space Force Base, California, U.S. September 2, 2021. REUTERS/Gene Blevins

(Reuters) - FireFly Aerospace, the U.S. rocket builder that reached orbit in space this month, joining the likes of SpaceX and Rocket Lab, is seeking up to $300 million in a private fundraising round, according to people familiar with the matter.

Firefly has yet to specify the valuation it is seeking, the sources said. The space company was valued at more than $1 billion when private equity firm AE Industrial Partners became its controlling shareholder in March.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Advanced AI chips cleared for export to UAE under Microsoft deal, Axios reports
US TikTok content creators warn followers to find them on Instagram, YouTube
Drones offer an unparalleled�view of the biggest wildfire risks
Teaching a robot surgery through videos
'Sexting' scam: Criminals impersonate cops in US to steal money from dating app users
FBI releases tips for customers to avoid scams when holiday shopping
Thirty years of PlayStation: How Nintendo's snub created a gaming giant
US AI task force co-chair asks FERC to support co-located data centers - letter
Palantir, Anduril sign partnership for AI training in defense
Super Micro Computer gets extension to file delayed annual report

Others Also Read